SOUTH PLAINS FINANCIAL INC
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
SPFI$43.08+1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
STOCKHOLDERS’ EQUITY
| Common Stock · Additional Paid-in · Retained · Accumulated Other Comprehensive | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | Capital | Earnings | Income (Loss) | Total | |
| Balance at December 31, 2021 | 17,760,243 | $17,760 | $133,215 | $242,750 | $13,702 | $407,427 |
| Net income | — | — | — | 58,240 | — | 58,240 |
| Cash dividends declared - $0.46 per share | — | — | — | (8,012) | — | (8,012) |
| Other comprehensive loss | — | — | — | — | (78,810) | (78,810) |
| Impact of adoption of Topic 842 related to leases | — | — | — | (717) | — | (717) |
| Issuance of stock related to stock-based awards, net of 1,417,462 shares for cashless exercise and net of 42,386 shares for taxes | 126,756 | 127 | (1,295) | — | — | (1,168) |
| Repurchases of common stock | (859,802) | (860) | (21,839) | — | — | (22,699) |
| Stock-based compensation | — | — | 2,753 | — | — | 2,753 |
| Balance at December 31, 2022 | 17,027,197 | 17,027 | 112,834 | 292,261 | (65,108) | 357,014 |
| Net income | — | — | — | 62,745 | — | 62,745 |
| Cash dividends declared - $0.52 per share | — | — | — | (8,745) | — | (8,745) |
| Other comprehensive income | — | — | — | — | 13,434 | 13,434 |
| Impact of adoption of ASU 2016-13 - CECL | — | — | — | (997) | — | (997) |
| Issuance of stock related to stock-based awards, net of 52,631 shares for cashless exercise and net of 27,262 shares for taxes | 75,540 | 76 | (807) | — | — | (731) |
| Repurchases of common stock | (685,638) | (686) | (17,077) | — | — | (17,763) |
| Stock-based compensation | — | — | 2,157 | — | — | 2,157 |
| Balance at December 31, 2023 | 16,417,099 | 16,417 | 97,107 | 345,264 | (51,674) | 407,114 |
| Net income | — | — | — | 49,717 | — | 49,717 |
| Cash dividends declared - $0.56 per share | — | — | — | (9,154) | — | (9,154) |
| Other comprehensive loss | — | — | — | — | (8,947) | (8,947) |
| Issuance of stock related to stock-based awards, net of 45,972 shares for cashless exercise and net of 22,516 shares for taxes | 92,526 | 93 | (852) | — | — | (759) |
| Repurchases of common stock | (53,799) | (54) | (1,286) | — | — | (1,340) |
| Stock-based compensation | — | — | 2,318 | — | — | 2,318 |
| Balance at December 31, 2024 | 16,455,826 | $16,456 | $97,287 | $385,827 | $(60,621) | $438,949 |
CONSOLIDATED STATEMENTS OF
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